Israel, the tiny nation that defied history in coming back to life after 2,000 years of exile, is among the top 10 most powerful nations in the world according to a recent research study.
Market Business News recently reported on the 2012 National Power Index (NPI), released by the Foundation for National Security Research (FNSR), a New Delhi-based think tank. The study is a comprehensively revised version of the previous indexes published in India's National Security Annual Review (INSAR) since 2002.
According to the research, Israel achieved a 32.19 NPI ranking, placing it tenth on the list of the world's most powerful countries.
The NPI is a quantification of a nation's power, meaning its ability to influence global events. The ranking is based on a composite of indexes of statistical analysis in terms of economy, military, diplomacy, technology and population. Each factor has a certain weight, and the composite index includes a detailed analysis of individual components.
The research appraises Israel as a country of 8 million, with a GDP of $272.7 billion and 176,500 active military personnel.
Israel stands out in military capability where it is ranked 6th in the world, and technological capability where it ranks 4th. Its capabilities ranked 25 in economy, 17 in population and 19 in foreign affairs.
The index study notes that Israel has the strongest military in the Middle East, and is among the world's leaders in technology and science. It also notes that Israel ranks 15 on the UN development index, illustrating the high quality of life in the Jewish state.
Unsurprisingly, the United States headed the list of most powerful nations, ranking in at 77.77 on the NPI. It was followed by China (58.66) and Russia (43.36). The remaining nations on the list were France, Japan, the UK, Germany, India and Canada in that order.
A map by Maps of World displays the 10 leading powers in highlighted colors, including tiny Israel among its massive fellow powerful nations.
Prime Minister Binyamin Netanyahu encouraged investment in Israel this week at the World Economic Forum in Davos, Switzerland, touting Israel's innovation in developing "more conceptual products per capita than any nation on earth."